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Abu Dhabi's Q4 construction cost index up 0.5%

Abu Dhabi's Q4 construction cost index up 0.5%

Abu Dhabi's construction cost index (CCI) increased by 0.5 per cent in the fourth quarter last year compared with the same period in 2018, revealed Statistics Centre - Abu Dhabi.
 
The index rose from 97.9 per cent in the fourth quarter of 2018 to 98.4 per cent in the fourth quarter of 2019, stated SCAD.
 
The CCI, it indicated, increased by 0.5 per cent in the fourth quarter of 2019 compared to the previous quarter. The index increased from 97.9 percent in the third quarter 2019 to 98.4 percent in the fourth quarter of 2019, said SCAD data.
 
The ‘Services’ group contributed by 167.1 per cent in the overall increase in the prices in the fourth quarter of 2019 compared with the fourth quarter of 2018, while its prices increased by 18.2 per cent and the weight for this group is 4.5 per cent, it added.
 

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